Trump and family crypto investments are beginning to raise eyebrows. Any there there? Senate Democrats are targeting pending legislation to spotlight Trump and family crypto dealings and to propose reforms that would ban elected Washington decision makers from profiting from crypto. https://www.axios.com/2025/05/06/trump-coin-democrats-crypto-stablecoin Other Democrats in Congress are calling for hearings. The term being connected to the Trump family and Trump himself crypto business acts is "ethics violations", not criminal acts. Of course, the President himself is immune to criminal prosecution due to the rulings of the Supreme Court. However, he is not immune to impeachment, though that would take a cataclysmic change in who gets elected to Congress in 2016 and an earthquake in even within the GOP senators.
The political problem Democrats face in making this an attack issue is the public's unfamiliarity with what crypto is, how it works, and how it can mask corruption by public officials. It can be easy to get lost in the weeds of confusion in trying to understand what it is, but so long as the focus is on who and how profit from it in secret or in the open happens, the potential and actual wrongdoing is not that hard to grasp. Buying access to the Oval Office through secret and even foreign contributors is one. Conflict of interests and abuse of powers by removing scrutiny from official law enforcement investigations is another. Trading on dad in the Oval Office occupied the myth of the Biden crime family by the GOP for four years, but hypocrisy is expected of politicians and dismissed as just politics by most. It is not OK if Hunter did it, but it is ok if the Trump kids do it, etc. The Trump family and Trump himself have been quite open about their investments in and promotion of their cryptocurrencies, but so far, they have gotten away with appearances of actual wrongdoing or the potential for corruption under the cover of their complexities and removal of the DOJ's ability to investigate them and absolute control over Congressional oversight.
On April 8, 2025, the Trump administration's controlled Department of Justice closed down its crypto section. As Trump now raises money for himself, the use of crypto technology like meme coins and cryptocurrency is now freed from federal law enforcement. Hear no evil, see no evil, so did no evil? https://www.reuters.com/world/us/us-justice-dept-disbands-cryptocurrency-enforcement-unit-2025-04-08/
And now the Trump kids are taking crypto to the most corrupt and greedy level yet,. " A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the president’s son and his business partner, who promised, "This is only the beginning.' ” https://www.nytimes.com/2025/05/01/us/politics/trump-cryptocurrency-usd1-dubai-conference-announcement.html?unlocked_article_code=1.D08.4Tst.3jIYRxMCYbaI&smid=url-share The Trump family is heavily invested in cryptocurrency and their Stablecoin venture, which also can convert cryptocurrency into US dollars.
This is indeed a lucrative business for one based on a speculative gamble in privately issued non-governmental currency. An estimate based upon public disclosures is that the Trump family's wealth in crypto has increased by 2.9 billion dollars. https://www.cbsnews.com/news/trump-family-net-worth-crypto-investments/#site-header53
https://abcnews.go.com/US/trump-family-crypto-venture-tapped-part-2b-emirati/story?id=121415842
Trump, on February 4, also signed an executive order to establish a US government fund for cryptocurrency. https://finance.yahoo.com/news/trump-created-first-ever-u-185629849.html What's wrong with that? Per Google AI: "Cryptocurrency's impact on a nation's financial stability is complex and multifaceted. While some argue it can enhance financial inclusion and economic growth, others highlight potential risks like increased volatility and the possibility of undermining central bank authorityThat particular last few words are certainly in keeping with Trump's war on the Federal Reserve ( USA's central bank)."undermining central bank".The Federal Reserve has been highly successful in using interest rates to check inflation and avoid recession. Trump stated he wants to take over the Fed to be able to set low interest rates. It would aid his political popularity, no doubt, that is, until the economy collapsed. Fortunately, the Fed is independent of such political appointment takeovers. The Fed announced no change in the interest rate, no doubt further irritating Trump on 5/7/2025. Trump can blame his tariffs for this, though.The Fed holds rates steady amid trade tensions and economic uncertainty
MUFTIC FORUM BLOG: Trump's grift: grist for the impeachment mill?
https://mufticforumblog.blogspot.com/2025/03/how-trump-administration-is-clearing.html How Trump is clearing the way for corruption
Is Trump himself guilty of any crimes in his dealings in crypto as a side business? Trump now controls the entire executive branch and has already gained control over official federal scrutiny of his crypto dealings. The potential is great now for foreign influencers to gain access to Trump himself. Left to expose will be by what is left of the free press with enough guts and resources to take it on. An outcry from voters objecting to this on the basis of conflict of interest or any violation of a law will depend upon the lay public becoming aware of how a crypto system that can hide wrongdoing, even if they do not understand the nitty gritty speculative nature of crypto itself. Many may not even give a whit given their ability to tolerate a "businessman" as president who breaks norms of acceptable behavior daily. We've become numb to what we used to get outraged about.
One job that the press, the resistance, and elected Democratic officials can do is to educate the public about why and how the Trump family benefits from trading on the Oval Office occupation. Education about what crypto is itself is as complicated as the system itself. However, the fact that the Trump family profits from fees in owning and promoting their cryptocurrency and direct sales of meme coins lines the pockets of Trump himself is not a concept that is hard to understand or to prove independently from what has already been reported by some media. Also, it is easy to hide who contributes, including foreigners, and very difficult, not impossible, to trace because access to these private, nonofficial currencies is encrypted, and investors and traders are identified by addresses, not by name. It will also depend on whether enough of the public cares a whit or if it is viewed as much ado about nothing that lay people can understand. A congress launching a formal investigation or impeachment will depend on the outcome of the 2026 midterm elections, which will give Democrats control and the ability to do it.
Senate Democrats are targeting pending legislation to spotlight Trump and family crypto dealings and to propose reforms that would ban elected Washington decision makers from investing in crypto. https://www.axios.com/2025/05/06/trump-coin-democrats-crypto-stablecoin Other Democrats in Congress are calling for hearings. The term being connected to the Trump family and Trump himself crypto business acts is "ethic violations", not criminal acts. Of course, the President himself is immune to criminal prosecution due to the rulings of the Supreme Court. However, he is not immune to impeachment, though that would take a cataclysmic change in who gets elected to Congress in 2016.
https://mufticforumblog.blogspot.com/2025/04/feathering-his-own-nest-trump-trades-on.html
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